Interest rates
Current rates
(Effective 29 March 2009)
| Balance (£) |
Annual Interest Rates |
|
| Gross
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%. |
AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time. |
Gross
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net
Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%. |
AER
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time. |
| £100,000 and above |
1.25% |
1.00% |
1.25% |
1.24% |
0.99% |
1.25% |
| £50,000 to £99,999 |
1.15% |
0.92% |
1.15% |
1.14% |
0.91% |
1.15% |
| £25,000 to £49,999 |
1.00% |
0.80% |
1.00% |
0.99% |
0.79% |
1.00% |
| £10,000 to £24,999 |
0.90% |
0.72% |
0.90% |
0.89% |
0.71% |
0.90% |
| £1,000 to £9,999 |
0.50% |
0.40% |
0.50% |
0.49% |
0.39% |
0.50% |
| £100 to £999 |
0.25% |
0.20% |
0.25% |
0.24% |
0.19% |
0.25% |
Previous rates
(Effective 22 February 2009)
| Balance (£) |
Annual Interest Rates |
|
| Gross
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%. |
AER AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time. |
Gross
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration. |
Net
Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%. |
AER
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time. |
| £100,000 and above |
1.60% |
1.28% |
1.60% |
1.59% |
1.27% |
1.60% |
| £50,000 to £99,999 |
1.50% |
1.20% |
1.50% |
1.49% |
1.19% |
1.50% |
| £25,000 to £49,999 |
1.35% |
1.07% |
1.00% |
1.34% |
1.07% |
1.00% |
| £10,000 to £24,999 |
1.25% |
1.00% |
1.25% |
1.24% |
0.99% |
1.25% |
| £1,000 to £9,999 |
0.85% |
0.68% |
0.85% |
0.84% |
0.67% |
0.85% |
| £100 to £999 |
0.25% |
0.20% |
0.25% |
0.24% |
0.19% |
0.25% |
Interest rates are variable, paid annually or monthly.
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Summary box
Key Product Information for our Savings Account
| Account Name |
Postal Saver |
| Interest rates (AERs) |
Variable tiered rate paid annually or monthly, view interest rate |
| Tax Status |
or
|
| Conditions for bonus payment |
N/A |
| Withdrawal arrangements |
Minimum postal withdrawal £100, subject to daily withdrawal limits. |
| Access |
Post, ATM or Online |
Whether you can benefit from gross, net or tax free interest is dependent on your own personal circumstances and tax status and so may be subject to change in the future.
How to Apply for a Postal Saver
Postal Saver account must be opened by post. This account can only be operated by post, but you will be able to view statements, account balance and recent transactions online.
Note: When applying for a YBS account you will need to verify your identity and address. Check our Verifying your Identity section for more details of what you need to provide with your application.
Related links
